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Thursday, August 9, 2018

Consumer Debt Hits Record $3.87 Trillion; Could the Debt-Based House of Cards Be Close to Collapse?

Consumer debt hit another record in the first half of 2018, but the rate of borrowing seems to be slowing down. Could this be a sign that the debt-based house of cards economy is close to the point of collapse? Total consumer debt rose by $176 billion in Q2, a 4.8% year-on-year increase. That pushed […]

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